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Rbugs11
Level 1

2020 filed Roth contribution but form 5498 is for 2021

I made a $600 Roth contribution last March 2021 for the tax year 2021 which is reflected in my form 5498. I was checking my 2020 tax forms when I realized I incorrectly filed the $660 for the tax year 2020.

I am not contributing this year (2021), do I need to correct it?

 

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‎April 18, 2022 1:07 AM
last updated ‎April 18, 2022 1:07 AM
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MinhT1
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2020 filed Roth contribution but form 5498 is for 2021

A Roth contribution is not tax deductible. There is no need to amend your 2020 tax return.

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‎April 18, 2022 5:58 AM
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